An electric vehicle charges on a New York street. Brussels plans to seek talks with the US over fresh subsidies for the sector © Alexi Rosenfeld/Getty Images European business groups and lawmakers have hit out at the White House after it announced fresh measures aimed at promoting investment in homegrown green technology. The support for American-made electric vehicle chargers, unveiled by the administration on Wednesday, comes after the US in August passed the $369bn Inflation Reduction Act , or IRA, containing hundreds of billions of dollars in subsidies and tax credits for US-manufactured clean technology. “Our most important trading partner decides things in their own interest,” said Luisa Santos, deputy director-general of BusinessEurope, which represents companies across the EU. “They keep doing this. But they want us to support them on China.” A spokesperson for DigitalEurope, which represents the continent’s technology sector, described the latest support as “like déjà vu ”. Cecilia Bonefeld-Dahl, its director-general, said: “The way to achieve our common climate goal is not through more ‘Buy American’ but through joint action and common standards.” The European Commission said it would seek talks with the US over the subsidies. “We must look for synergies and work to […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
